---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010793"
form_type: "8-K"
ticker: "PMTS"
cik: "0001641614"
company_name: "CPI Card Group Inc."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:23:21.457483+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CPI Card Group CEO Scott Scheirman to retire by Feb 28, 2024; board chairman resigns

## Summary
- CEO Scheirman to retire on Feb 28, 2024; will remain until successor named; board expects new CEO late 2023/early 2024.
- Chairman Bradley Seaman resigns from board effective June 15, 2023; no disagreement with company.
- Compensation committee awards $801k RSUs to EVP John Lowe and $567k RSUs to EVP Lane Dubin as retention incentives.
- Scheirman receives $3.92M in 2023 equity grants and up to $5M severance plus extended benefits if employed through retention date.

## SEC filing metadata
- accession: 0001558370-23-010793
- form_type: 8-K
- ticker: PMTS
- cik: 0001641614
- company_name: CPI Card Group Inc.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641614/000155837023010793/0001558370-23-010793-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641614/000155837023010793/pmts-20230530x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010793
- JSON: https://secwatch.observer/filing/0001558370-23-010793.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010793.txt

## Key facts
- Executive change
  Scott Scheirman departed as President and Chief Executive Officer at CPI Card Group Inc..
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: On May 31, 2023, Scott Scheirman, the Company’s President and Chief Executive Officer, notified the Company of his intent to retire from the Company in order to have more time for family.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1641614/000155837023010793/0001558370-23-010793-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.